Kenneth Research has evaluated the current market opportunities in Biochar Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Biochar Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
The growing demand for the organic products is creating a good market for bio or organic products, which are used in different fields. One such organic product is Biochar which has gained traction in recent times. Biochar mainly finds its use as a soil amendment material. Our report on Global Biochar Market covers applications, segmentation and opportunities in this booming market. The report also covers extensive market analysis in the key markets such as US, Europe and APAC (Asia Pacific). This reports also includes company profiles of leading players in the space.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
There are many other factors driving the Biochar market such as cohesive government policies, environmental awareness and availability of raw material, compatibility, raw material cost and increasing number of manufacturers. According to the report, Asia-Pacific is an emerging market which is showing highest growth among all geographies. China, Japan and India are the key targeted markets of Biochar. At present there are about 150 companies dealing in Biochar. Considering the bullish prospects of this market several companies are taking strategic moves to enter this market.
Biochar is gaining traction in the market on the back of its properties. Besides being a soil amendment material, Biochar is also an easy and sustainable way to handle agricultural waste. Recent studies carried out on it reveals that Biochar is the most efficient solution for the management of the manure from birds and farm animals. In addition, Biochar is being effectively used as an important material for climate conservation as Biochar has properties to reduce GHG (Greenhouse Gas) emission. Not just Biochar but its by-products are also useful. During the process of its formation it produces a soil enhancer which makes the soil more fertile. As Biochar is a useful material, governments in various countries are also encouraging Biochar usage by friendly government policies.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Companies profiled include:
1. Bio Char
2. Hawaii Biochar Products
3. Cool Planet Energy Systems
4. Genesis Industries
5. New England Biochar
6. WorldStove
7. Agri-Tech Producers LLC
8. Biochar Supreme
9. Chargrow LLC
10. Full Circle Biochar
11. biochar company
12. PhoenixEnergy
13. Biochar Products
14. The Biochar Company LLC
15. Takesumi Ltd
16. Sunmark Environmental
17. Vee-Go Energy
18. Vermont Biochar
19. Waste to Energy Solutions
20. Sonnenerde
21. Proininso SA
22. Microbeix Pty Ltd
23. Biochar Solutions
24. Interra Energy, LLC
25. Forest-Char
26. Abri Tech Inc
27. Diacarbon Energy Inc
28. EcoTrac Organics
29. Carbon Gold
30. Black is Green (BiG)
31. Carbon Terra
This Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. In-depth profiling of companies
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Key Answers Captured in Report?
- Which geography would have better demand for products/services?
- What are the strategies adopted by big players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in the next five years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the market?
- What is the risk involved for suppliers in the geography?
- What factors would drive the demand for the product/service in the near future?
- What is the impact analysis of various factors in market growth?
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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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